GST Waiver of Interest and Penalty Scheme 2025

Mar 25, 2025 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Goods and Sales Tax Network, (GSTN) introduced Section 128A in the CGST Act to provide a conditional waiver of interest and penalties for demand notices issued under Section 73 for FY 2017-18, 2018-19, and 2019-20. This amendment addresses taxpayer difficulties faced during the initial years of GST implementation.

Under the scheme:

Taxpayers must pay the full tax demand by March 31, 2025, to avail of the waiver.

Corresponding forms must be submitted by June 30, 2025.

This initiative encourages businesses to regularize GST compliance without facing hefty interest and penalties.

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